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Lim faces 130 criminal charges involving US$2.7 billion in alleged fraudulent loans disbursed. Read more at straitstimes.com.

Updated: 12/05/2021, 5:29 am © Shutterstock / TK Kurikawa A former BP director has been handed a jail sentence for corruption charges in Singapore Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up A former director of BP’s marine fuels business in Singapore has been sentenced to 54 months in jail and ordered to pay about US$4.7 million for his role in a graft case involving close to US$4 million (S$5.3 millio...

in  London and Singapore A Xihe Group-linked shipowner claimed that HSBC holds legal responsibility for the welfare of crew on a floating storage production and offloading vessel that the bank arrested off Malaysia. The 298,300-dwt Sea Coral (built 1996) was arrested by HSBC after a Malaysian High Court order last November as part of the bank's recovery action against the collapsed Xihe company Hin Leong Trading. A crew of 25 have since been stranded on the vessel without pay at the Johor Bahru anchorage. Measures to prevent the spread of coronavirus are among the reasons crew members...

Premium Content How One Bad Oil Bet Sparked A Global Trading Disaster By Haley Zaremba - Jan 01, 2021, 12:00 PM CST By now we are all keenly aware of the near-devastating impact that the novel coronavirus has had on oil markets and the fossil fuel industry around the world. (If this is news to you, what rock do you live under and is there room for one more?) But while a lot of the narrative here in the West has been about the historic oil price crash in what some are now referring to as Black April, the oil trading catastrophe actually started much earlier and can largely be traced...